Fiat Chrysler may add more self-driving supplier partners: CEO
MILAN/DETROIT (Reuters) – Fiat Chrysler Automobiles may seek more supplier partners to help it develop and build self-driving vehicles, Chief Executive Officer Sergio Marchionne said on Wednesday.
Automakers want California to revise Volkswagen charging station plan
WASHINGTON (Reuters) – Major automakers and other groups are raising objections to the way Volkswagen AG wants to spend $2 billion on electric vehicle infrastructure and projects, as part of the German automaker’s atonement for diesel emissions cheati…
Tesla offers more concessions to quell unrest at key German supplier
PRUEM, Germany (Reuters) – Luxury electric carmaker Tesla has offered more concessions to defuse labor tensions at a key German supplier, whose founder and chief executive has not been seen at work for weeks, German labor officials said on Wednesday.
SEC working ‘diligently’ on plan to test lower exchange fees
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission is preparing a proposal for a pilot plan to test how lowering stock exchange fees would affect market quality and the behavior of market participants, a senior official at the regulator s…
JPMorgan beats Madoff customers’ appeal
NEW YORK (Reuters) – JPMorgan Chase & Co is not liable to a group of former customers of Bernard Madoff who blamed the bank for being actively involved in his Ponzi scheme and ignoring red flags of fraud, a federal appeals court ruled on Wednesday.
ESPN to layoff 100 on-air talent: source
(Reuters) – Walt Disney Co ‘s ESPN television unit is laying off about 10 percent of its 1,000 on-air staff, according to a source familiar with the situation.
P&G profit falls on strong dollar, slow consumer spending
(Reuters) – Procter & Gamble Co , maker of Tide detergent and Gillette razors, reported an 8.3 percent fall in third-quarter profit hurt by a strong dollar and slowing economic growth that dampened consumer spending in several countries.
Deutsche Bank weighs moving thousands of jobs from London after Brexit
FRANKFURT (Reuters) – Deutsche Bank is considering whether it needs to move thousands of staff from London to Frankfurt following Britain’s decision to leave the European Union, one of its top executives said.
JPMorgan zooming in on Warsaw for new global back office center
WARSAW/LONDON (Reuters) – U.S. bank JPMorgan Chase is zooming in on Warsaw as a destination for its new back office operations center which could eventually employ several thousand people supporting the bank’s European and Asian business, sources said…
Exclusive: Austria investigates Airbus CEO over suspected fraud
VIENNA (Reuters) – Airbus was plunged deeper into legal wrangling over past business dealings on Wednesday when Vienna prosecutors announced a fraud investigation into its chief executive in connection with a $2 billion fighter order over a decade ago….
